Thibaut Courtois saved Jose Gaya's poorly-struck spot kick to give Real Madrid a 4-3 penalty shootout win over Valencia after the teams had finished level at 1-1 after extra time in their Spanish Super Cup semifinal in Saudi Arabia on Wednesday.

Karim Benzema gave holders Real Madrid the lead from the spot in the first half after he was fouled inside the area by Eray Comert, but Valencia came back into the game and deservedly equalised through a Samuel Lino volley from a Toni Lato cross straight after half-time.

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Vinicius Junior could have won it for Real Madrid in extra time, but his close-range shot was saved by Giorgi Mamardashvili.

Real Madrid will face the winner of Thursday's semifinal between Real Betis and Barcelona in the final in Riyadh on Sunday.